Legal basis
- Law on State Bank of Vietnam 2010
- Decree 24/2012/ND-CP
- Circular 16/2012/TT-NHNN guiding Decree 24/2012/ND-CP on management of gold trading activities issued by the State Bank of Vietnam
Content
Along with the business of buying and selling gold bars; Gold jewelry and fine art production activities are conditional business activities and must be granted by the State Bank a business license to buy and sell gold bars or a Certificate of eligibility for gold jewelry and fine art production.
Conditions for producing gold jewellery and fine arts
1. Enterprises producing gold jewellery and fine arts shall be issued with the Qualification certificate of gold jewellery and fine arts production when the following conditions are satisfied:
a) The enterprise is established under law provisions that have registered to produce gold jewellery and fine arts in the Certificate of business registration.
b) Having premises, facilities and necessary equipment serving the production of gold jewellery and fine arts.
2. The State Bank stipulates the procedures and dossiers on the Qualification certificate of gold jewellery and fine arts production.
Responsibilities of enterprises producing gold jewellery and fine arts
1. Affixing their signs, symbols and weight on their products, announcing applicable standards and product weight in accordance with law provisions, bearing responsibility before law for their announced applicable standards and announced weight of gold products manufactured by themselves.
2. Taking responsibility under law for the announcement of applicable standards and weight of gold products which have been processed on their behalf.
3. Complying with law provisions on accounting regime, invoices and accounting records.
4. Taking measures for safety in production and business, environmental protection, fire and explosion prevention and fighting.
5. Sustaining the conditions stipulated in Clause 1 Article 5 of this Decree
6. Complying with this Decree and other relevant law provisions.
Above is our consultancy about this issue. If you need more detailed advice and answers as well as how to access this service, please contact directly the Deputy Director of Sales: Lawyer Nguyen Duc Trong via hotline: 0912.35.65.75, 0912.35.53.53 or call the free legal consultation hotline 1900.6575 or send a service request via email: info@hongbanglawfirm.com hoặc lienheluathongbang@gmail.com
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